Richmond Investment Services LLC Has $961,000 Stake in ProShares S&P 500 High Income ETF $ISPY

Richmond Investment Services LLC trimmed its position in ProShares S&P 500 High Income ETF (BATS:ISPY) by 93.3% during the first quarter, HoldingsChannel.com reports. The firm owned 22,167 shares of the company’s stock after selling 308,297 shares during the quarter. Richmond Investment Services LLC’s holdings in ProShares S&P 500 High Income ETF were worth $961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. World Investment Advisors acquired a new stake in shares of ProShares S&P 500 High Income ETF in the first quarter valued at approximately $464,000. Essex Financial Services Inc. increased its stake in ProShares S&P 500 High Income ETF by 5.4% in the 1st quarter. Essex Financial Services Inc. now owns 58,849 shares of the company’s stock valued at $2,551,000 after buying an additional 3,016 shares during the last quarter. SageGuard Financial Group LLC lifted its position in ProShares S&P 500 High Income ETF by 192.7% during the 1st quarter. SageGuard Financial Group LLC now owns 113,123 shares of the company’s stock worth $4,904,000 after buying an additional 74,470 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in ProShares S&P 500 High Income ETF by 111.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 61,908 shares of the company’s stock worth $2,684,000 after buying an additional 32,631 shares in the last quarter. Finally, BKM Wealth Management LLC boosted its stake in shares of ProShares S&P 500 High Income ETF by 3.8% during the 1st quarter. BKM Wealth Management LLC now owns 26,194 shares of the company’s stock worth $1,136,000 after buying an additional 947 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

BATS:ISPY opened at $47.99 on Wednesday. The stock’s 50-day simple moving average is $47.82 and its 200 day simple moving average is $46.22. ProShares S&P 500 High Income ETF has a 52-week low of $42.10 and a 52-week high of $49.08. The company has a market cap of $975.16 million, a P/E ratio of 25.81 and a beta of 0.87.

ProShares S&P 500 High Income ETF Profile

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.